Saratoga Investment Corp. (NYSE:SAR) Given Average Rating of “Buy” by Brokerages

Shares of Saratoga Investment Corp. (NYSE:SARGet Rating) have been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $30.25.

A number of equities research analysts recently commented on the stock. TheStreet cut shares of Saratoga Investment from a “b-” rating to a “c+” rating in a research note on Monday, January 24th. assumed coverage on shares of Saratoga Investment in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research cut shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, March 9th.

Shares of SAR stock opened at $26.37 on Friday. The stock has a market cap of $319.08 million, a P/E ratio of 6.56 and a beta of 1.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.04. Saratoga Investment has a fifty-two week low of $23.54 and a fifty-two week high of $30.25. The business has a fifty day simple moving average of $27.12 and a 200-day simple moving average of $27.93.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 28th. Shareholders of record on Monday, March 14th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date of this dividend was Friday, March 11th. Saratoga Investment’s payout ratio is currently 52.74%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Chilton Capital Management LLC acquired a new stake in Saratoga Investment in the 4th quarter worth about $25,000. Fairfield Bush & CO. purchased a new position in shares of Saratoga Investment during the 1st quarter worth about $27,000. Geneos Wealth Management Inc. boosted its position in shares of Saratoga Investment by 360.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,756 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,375 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Saratoga Investment by 29.3% in the third quarter. Rockefeller Capital Management L.P. now owns 2,246 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 509 shares during the period. Finally, Confluence Wealth Services Inc. acquired a new position in Saratoga Investment during the fourth quarter worth approximately $88,000. Institutional investors own 20.68% of the company’s stock.

About Saratoga Investment (Get Rating)

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.

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